Storage News

Reliance Industries Ltd (RIL), led by Mukesh Ambani, is doubling its green energy investment target to ₹1.5 trillion, showing its commitment to sustainability. RIL is progressing on the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, with investments in solar, wind, and battery manufacturing. It's competing with Tata and Adani groups in India's new energy sector. RIL plans to establish 100 GW of solar energy by 2030, build giga factories, and has partnerships with various companies. This push aligns with global trends as companies like ExxonMobil and BP aim for net-zero emissions.

While other countries in India’s neighbourhood and the world in general are struggling to ensure bare minimum investments India continues to attract the best and the biggest. Most recently, Amazon Web Services (AWS), Amazon’s cloud computing division, announced that it is planning to invest USD 12.7 billion in cloud infrastructure in India over the next 7 years.

The vaccine cold chain hurdle is just the latest disparity of the pandemic weighted against the poorNearly 3 bn of the world’s 7.8 bn people live where temperature-controlled storage is insufficient for an immunization campaign to bring COVID-19 under control

'We are looking at how we can optimise cost and if there is something that can be pushed to next quarter we will do that. But the focus will be purely on doing it through programmes and processes and not by laying off people'

The president of Japan's leading industrial manufacturing firm believes that the Indian market has the greatest growth potential in the world.

Sterlite Power CEO Pratik Agarwal says he expects central, state govts to issue battery tenders totaling several gigawatts of capacity by no later than the end of next yearIndia is forecast to have 34 gigawatts of battery storage capacity by 2030

India will need 6 gigawatt-scale plants of 10GWh each by 2025 and 12 by 2030Apart from EVs, such battery storages will cater to the consumer electronics industry and electricity grids, given the intermittent nature of electricity from clean energy sources

The country has so far received 145.4 mm rains against the normal of 199.7 mm -a deficit of 27%The situation has improved for parts of Maharashtra, Gujarat and Madhya Pradesh

The Union Commerce Minister, on June 24, informed major tech and e-commerce companies that India's draft e-commerce policy will not deal with the issue of cross-border data flows. The issue pertains to the storage of data within certain jurisdictions. The earlier draft of the policy had proposed rules making the storage of digital data, from various sources and activities, mandatory within India. Now, the Ministry of Electronics and Information Technology will deal with the issue in its data protection bill. Watch the full video for more.

59 out of the 91 major reservoirs in the country have storage below normalThe overall monsoon deficiency until 22 June still remains around 39%